GenusPlus Group (GNP) H2 2025 earnings summary

Executive summary

• Achieved record FY2025 revenue of $751.3 million, up 36% year-over-year, and record normalised EBITDA of $67.4 million, reflecting strong operational execution and successful conversion of the order book from the tendered pipeline.

• Statutory NPAT reached $35.4 million, up 84% year-over-year, with basic EPS of 19.7 cps, up 82%.

• All three business segments—Infrastructure, Energy & Engineering, and Services—delivered strong results, with notable contract wins and successful integration of acquisitions.

• Significant progress made on multi-year strategies, with organic growth and strategic M&A activity expanding national footprint and service offerings.

• Orderbook surged to $2 billion, up from $0.5 billion, and recurring revenue forecasted to grow 20% in FY2026.

Financial highlights

• Revenue: $751.3 million (+36.3%), normalised EBITDA: $67.4 million (+48.6%), statutory NPAT: $35.4 million (+83.6%).

• Net cash position increased to $113.5 million, with a cash balance of $160.8 million and robust cash conversion well above EBITDA.

• Free cash flow before tax: $138.1 million, FCF to EBITDA conversion: 212.3%.

• Acquisitions contributed $90 million in revenue and $7.9 million in EBITDA; $27.7 million in cash-funded acquisitions and $6.5 million debt-funded.

• Fully franked final dividend of 3.6 cps ($6.5 million) to be paid 31 October 2025.

Outlook and guidance

• FY2026 normalised EBITDA expected to grow 20–25%, supported by a strong tendered pipeline and ongoing business development.

• Recurring revenue in FY2025 was $311 million (+39%), forecast to grow ~20% in FY2026.

• M&A strategy remains active, particularly in the Services segment, to further expand offerings and enter new geographies.

• Opportunities in wind energy are being actively pursued, with a strategy in place to secure wind projects.

• Tendered pipeline remains strong at $2.4 billion.